The House and Senate approved a compromise bill to accelerate imposition of a requirement city and county governments place property tax increases above the rate of inflation on a ballot for consideration by voters.
A core function of House Bill 2088 — adopted 112-5 by the House, 37-3 by the Senate — was to advance inception date of the tax lid by one year to 2017 and to modify exemptions to state-mandated restrictions on escalation in property taxes. Elections would be triggered if the proposed hike was in excess of a five-year rolling average of inflation. more